Unity! WHO IS Communist Party bulletin Anti-austerity special
PAYING FOR THIS CRISIS?
« ver since the economic and financial crisis broke in 2008, workers and their families have been told that 'were all in this together'.
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Yet the reality is that the burden has fallen on the millions, not on the millionaires.This is a crisis of the CAPITALIST system, caused by greed, speculation and the ruthless drive for profit. It's the Tories, the LibDems and their paymasters in big business and the City of London who are 'in it together' – to make sure that workers, the unemployed, the sick, the disabled, pensioners, young people and students pay the price for capitalism's failure.
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CUTS IN PUBLIC SERVICES AND BENEFITS The last Labour government planned £130 billion spending cuts. The Tory-LibDem coalition has added an extra £439 billion up to 2018. Already the cuts are biting deeply with local services being slashed, public servants losing wages and pensions and the unemployed and disabled losing benefits and even their homes. And four-fifths of the cuts are still to come.
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MASSIVE JOB LOSSES Unemployment in Britain remains around two and half million people, even on the government's fiddled figures. That includes a million young people aged 16-24. There are five unemployed workers for every job vacancy.
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PRICES UP, LIVING STANDARDS DOWN The oil, gas, electricity, food and supermarket monopolies are enjoying a bonanza. Prices, profits, dividends and fat cat bonuses are rocketing while a million more people were plunged into poverty last year – a third of them children.
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TAX CUTS FOR BIG BUSINESS Both the Tory-LibDem and New Labour governments have slashed corporation tax on profits far below the levels in the USA, Germany, France and Japan. Yet even now, corporate tax dodgers rob Britain of £25 billion a year in lost tax revenues.
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MONEY WASTED ON WAR Britain's foreign wars and weapons of mass destruction mean we spend up to £10 billion a year more on the military than most developed countries. Replacing the Trident system will waste at least £90 billion more up to 2045.
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